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Tesco confirms new milk price for farmers
Tesco Sustainable Dairy Group members, who take part in the independent cost tracker review, will receive a new price of up to 30.21ppl for their milk.
This is an increase of 0.43ppl, since the previous six-month review last April and the highest price ever paid to dairy farmers by Tesco.
Tesco director of dairy, Sean McCurley, said: “The independent six month review of farmer production costs by agriculture research consultancy Promar, has shown an increase in the cost of feed, fertiliser and general farm overheads. We have reflected this in the new price we will pay our farmers for their milk, including our allowance of over £50,000 for unpaid family labour.”
Confirmation of the new higher price Tesco is paying its dairy farmers follows the retailer’s Big Price Drop launch. Tesco is cutting the retail price of thousands of essential items, including milk, which is now £1.25 for a four-pint carton.
Sean McCurley said: “We are delighted to be able to pay our farmers more for their milk, while offering lower prices on the essentials, which will help millions of families.”
The Tesco Sustainable Dairy Group farmers now also receive an additional amount to cover any costs incurred for the new on-farm code of practice. This has just been launched across the TSDG to ensure it has leading animal welfare on its farms.The code of practice provides a simple set of measurable targets and absolute standards, which farms supplying Tesco with milk must comply.
McCurley added: “Thanks to the security and confidence our cost tracker review provides, we have seen many of our dairy farmers able to invest and improve in their businesses. From increasing herd numbers to state of the art milking parlours, to on-farm building improvements and further investment in herd health. More and more of our farmers are investing in their future and staying in dairy farming.”
Source: Tesco
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